No announcement on redundancies

Rangers' administrators will not make an announcement regarding job losses at the club on Thursday.

Reports suggested a number of first-team players were set to be axed as part of the cost-cutting process. However, an announcement on redundancies will not be made until Friday at the earliest.

A statement from the administrators read: "Duff and Phelps, the administrators of Rangers Football Club, advise all media there will be no announcement today in relation to staffing levels in any department of the club. Discussions are ongoing regarding potential cost-saving measures and announcements will be made at the earliest opportunity, most likely tomorrow."

Meanwhile, Ticketus have called for a "rapid and successful conclusion" to Rangers' administration process and say they are willing to hold talks with any potential new owners in a bid to help achieve that goal.

The firm paid £24million to secure the right to sell the club's future season tickets, with part of the cash used by owner Craig Whyte to complete his takeover of the Scottish champions last May.

Administrators Duff and Phelps confirmed money from the deal was used by Whyte to pay the club's £18million debt to Lloyds Banking Group when he purchased Sir David Murray`s majority shareholding.

The revelation came several days after Rangers were forced to call in the administrators on February 14 over an unpaid tax bill of £9million accrued during Whyte`s tenure. Ticketus say they want to help Rangers find a successful solution to their financial problems and also want to ensure the ticket purchase agreement entered into with the club is honoured.

A statement read: "Following a meeting with Rangers Football Club's administrators Duff & Phelps, Ticketus would like to state its desire for a rapid and successful conclusion to the club's administration process and confirm its willingness to enter into discussions with any serious potential bidders for the club.

"We met with the administrators to make it clear that we intend to be part of a solution for the club, and to ensure a fast and fair resolution is achieved for all parties. We outlined that this includes working with potential purchasers to help provide various financing solutions to the club that would be attractive to new owners.

"Ticketus believes that the best outcome for Rangers, its fans, Ticketus and our investors is for the administration process to be concluded as soon as possible, with a purchaser found who is able to bring stability to the club.